Entrepreneurship Chapter 1 Quiz
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Questions and Answers

What does the term 'entrepreneurship' refer to?

  • Developing new projects
  • Signing government contracts
  • Analyzing entrepreneurial competences
  • Creating something new with value (correct)

Which word does 'entrepreneur' originate from?

  • French (correct)
  • English
  • German
  • Latin

How is 'entrepreneurial' best described?

  • Receiving monetary rewards
  • Innovative and creative thinking (correct)
  • Creating new products
  • Involving government projects

What does the entrepreneurial process involve?

<p>Creating new value from projects (B)</p> Signup and view all the answers

What was considered an 'entrepreneur' in the 17th Century?

<p>Government contractor (A)</p> Signup and view all the answers

What is the main motivation for engaging in entrepreneurship according to the text?

<p>Financial security (A)</p> Signup and view all the answers

What is the entrepreneur's role as described by a capitalist philosopher?

<p>Producing job opportunities and wealth for others (D)</p> Signup and view all the answers

What was Richard Cantillon's view of an entrepreneur in the 18th Century?

<p>An entrepreneur is a risk taker (D)</p> Signup and view all the answers

How is entrepreneurship defined in terms of identifying opportunities and mobilizing resources?

<p>Art of identifying viable business opportunities and mobilizing resources (C)</p> Signup and view all the answers

What role does an intrapreneur play within a large organization?

<p>Contributing to the entrepreneurial process within the organization (B)</p> Signup and view all the answers

What distinguishes an individual entrepreneur from an intrapreneur?

<p>Size of the organization they work for (B)</p> Signup and view all the answers

How did the 20th-century perspective define an entrepreneur's function?

<p>To exploit new technological possibilities for creating new products or revolutionizing existing ones (C)</p> Signup and view all the answers

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